Continued automation is incompatible with our current system of Capitalism.
*Nothing* is compatible with our current system of capitalism- the wealthiest classes continue to accumulate wealth at the expense of the workers, and this will either cause a crash when the workers cannot afford basic life supplies, or a revolution.
The lives of the poorest of the poor around the world has only improved in the last few decades under regulated capitalism. It was only until China opened its economy that a middle class arose there. Responsible capitalism raises up the poor.
'Responsible' capitalism is an illusion. People in Britain starve to death because capitalism has failed them. Are they less worthy of survival than the upper middle class managers who refuse to employ them, or the wealthy who erase their jobs with the stroke of a pen?
People starved to death in authoritarian state capitalist dictatorships calling themselves socialist, you mean. People starve to death now when there is no shortage of food. People starved in primitive societies because there was a shortage. There is a difference.
No True Scotsman argument. Venezuela, Soviet Union, Cuba are as close as you can get to a socialist state in reality. When you have increased state power (even under the guise of "the people") you get corruption, starvation, and worse.
When a machine replaces a worker, that worker now has no more income and therefore there is less currency circulating in the market. This also effects the owner of the machine, as there are now less people able to purchase the goods the machine is creating.
This assumes that automation will not create new jobs (of different type), which is incorrect. Same as computers deprived some job types when they emerged, they created different jobs instead (developers etc).
I would support this claim if there is any data or source that proves the same happened with recent emerging technology which also deprived certain jobs. (proof that new technology reduced the amount of money paid to workers)
that is basic game theory: do i (as business owner) pay more if i let human workers work for me (and pay them)or if i let robots work for me (and pay the programmer, etc.)? what ever is the cheaper option i take it!
cheaper => reduced the amount of money paid (to workers)
This is true, since humans used to calculate stuff like prime numbers, and now computers are doing that. However, computers have seen the rise of computer programmers, game testers, electricians etc. and has seen computer science taught in schools.
If that is the case, then why didn't capitalism die during the industrial revolution? Capitalism has survived one major technological revolution, and therefore there is no reason why it can't survive another.